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Additionally, Florida auto insurance requirements state that the minimum amount of no-fault coverage you must carry is: $10,000 in Personal Injury Protection (PIP) coverage $10,000 in Property ...
$10,000 personal injury protection (PIP) $10,000 property damage liability per accident You may be surprised to find out that bodily injury liability coverage is not technically a requirement for ...
Minimum self-insurance requirements. California. $35,000 cash deposit or surety bond. Connecticut. $50,000 cash or its equivalent for first vehicle, $60,000 for the second vehicle, $65,000 for the ...
Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage, because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
No-fault insurance has the goal of lowering premium costs by avoiding expensive litigation over the causes of the collision, while providing quick payments for injuries or loss of property. However, there are other forms of no-fault insurance. For example, in the United States, most workers' compensation funds typically are run as no-fault systems.